08.227.2005 - Gateway Reports Second Quarter 2005 Results

IRVINE, Calif., Aug. 15 /PRNewswire-FirstCall/ -- Gateway, Inc. (NYSE: GTW) today reported results for its second quarter ended June 30, 2005. The company recorded a second quarter net profit of $17.2 million, or 5 cents per share, compared with a loss of $5 million, or 1 cent per share in the prior quarter, and a net loss of $339 million, or 91 cents per share a year earlier. The company recorded restructuring, transformation and integration costs of $1 million in the second quarter of 2005, compared with $8 million in the first quarter and $289 million in the second quarter of 2004. - View Press Release - Visit Gateway, Inc.